Common use of Creditors’ Rights Clause in Contracts

Creditors’ Rights. A holder of Restricted Share Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit Agreement.

Appears in 8 contracts

Samples: Subscription Agreement (Grab Holdings LTD), Subscription Agreement (Altimeter Growth Corp.), Share Incentive Plan (Tencent Music Entertainment Group)

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Creditors’ Rights. A holder of Restricted Share Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit Award Agreement.

Appears in 4 contracts

Samples: Equity Incentive Plan (QTS Realty Trust, Inc.), RLJ Lodging Trust, RLJ Lodging Trust

Creditors’ Rights. A holder of Restricted Share Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, Company subject to the terms and conditions of the applicable Restricted Share Unit Award Agreement.

Appears in 2 contracts

Samples: Omnibus Incentive Plan (I-Mab), Award Agreement (Gorilla Technology Group Inc.)

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Creditors’ Rights. A holder of Restricted Share Units shall have no rights rights, other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit Award Agreement.

Appears in 1 contract

Samples: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

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